News: Brokerage

Meridian Capital Group negotiates $34.4 million in financing; Grussgott finances $9.25 million for 32-unit, four-story prop.

Meridian Capital Group, LLC, a leading national commercial real estate finance and advisory firm, arranged the following mortgages totaling $34.4 million: * Meridan negotiated a new mortgage of $2.1 million on a 45-unit, four-story multifamily building located on Ocean Ave. in Brooklyn. The loan features a rate of 2.85% and a five-year term. Cary Pollack negotiated the transaction. * A new mortgage of $9.25 million was placed by Meridian on a 32-unit, four-story multifamily building located on Manhattan Ave. in Brooklyn. The loan features a rate of 3.05% and a five-year term. Charles Grussgott negotiated the transaction. * Meridian negotiated a new mortgage of $8.3 million on 9 cooperative buildings totaling 162-units located on Westend Ave. in Freeport. The loan features a rate of 3.63% and a 10-year term. Jacob Schmuckler negotiated the transaction. * New mortgages totaling $6.75 million were placed by Meridian on two mixed-use buildings totaling 12 units and two retail spaces and two multifamily buildings totaling 26 units. The properties are located on Fifth Ave., East 125th St. and West 145th St. The loans feature rates of 3.65% and 10-year terms. Simon Rosenfeld and Kyle Friedland negotiated these transactions. * Meridian negotiated new mortgages totaling $6.15 million on two multifamily buildings totaling 109 units located on 21st Ave. in Brooklyn and Charlton St. in New York. The loans feature rates of 3.08% and seven-year terms. Dan Blumenthal and Joseph Taub negotiated these transactions. * A new mortgage of $1.85 million was placed by Meridian on an 18-unit, four-story multifamily building located on East 98th St. in Brooklyn. The loan features a rate of 3% and a 10-year term. Morris Diamant negotiated the transaction
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